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Ansonia CDO 2007-1 Ltd. Ratings Lowered To 'D (sf)' On 13 Classes; All 17 Outstanding Ratings Subsequently Withdrawn Oct 11
Standard & Poors, Oct 2011
Abstract
OVERVIEW We lowered our ratings on 13 classes from Ansonia CDO 2007-1 Ltd., a commercial real estate collateralized debt obligation (CRE CDO) transaction, to 'D (sf)' from 'CCC- (sf)'. Subsequently, we withdrew all 17 outstanding ratings on the transaction. The downgrades reflect principal losses to the rated classes following nonpayment of the par principal balance upon liquidation of the collateral. The withdrawals of the ratings on classes A-1 through Q reflect the reduction of the principal balances to zero. NEW YORK (Standard & Poor's) Oct. 4, 2011--Standard & Poor's Ratings Services today lowered its ratings on 13 classes from Ansonia CDO 2007-1 Ltd., a commercial real estate collateralized debt obligation (CRE CDO) transaction, to 'D (sf)' from 'CCC- (sf)'. We...
Companies mentioned in this report are: Ansonia CDO 2007-1 Ltd
Action: Downgraded
Action: Withdrawn
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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